5, MERE LANE, QUENIBOROUGH, LEICESTER, LE7 3DE - £230,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 MERE LANE is a very small terraced house of 57m², built sometime between 1900 and 1929, which could now be worth an estimated £261,862. It was last sold for £230,000 in March 2022, which was around 19% above the average March 2022 terraced price in the Charnwood local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

5 MERE LANE Sold Prices

Land registry data shows five sales for 5 MERE LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Charnwood local authority area for the corresponding sale date. All of the five 5 MERE LANE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 4 MAR	£230,000	£192,894	19% above HPI
2009 1 DEC	£142,000	£123,080	15% above HPI
2006 11 JUL	£147,000	£123,870	19% above HPI
2004 16 DEC	£145,000	£117,642	23% above HPI
1998 9 APR	£60,000	£43,031	39% above HPI

5 MERE LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Charnwood local authority area over time, sourced from the HPI. The five 5 MERE LANE sales between April 1998 and March 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the December 2009 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the March 2022 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 5 MERE LANE be worth now?

5 MERE LANE might now be worth an estimated £261,862.

This is based on house price inflation of 13.9%, between March 2022 and May 2026, for terraced houses, in the Charnwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.9% inflationary increase is applied to the most recent sale price for 5 MERE LANE of £230,000 on 4th March 2022. For the value to have increased from £230,000 to £261,862 over the three years and ten months to May 2026, the following assumptions must hold true:

• The value of 5 MERE LANE has moved in line with the HPI for terraced houses in the Charnwood local authority area.
• The March 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MERE LANE has not materially changed since March 2022.

How Large is 5 MERE LANE?

5 MERE LANE is 57m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of terraced houses houses in Queniborough, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Queniborough, and where 5 MERE LANE lies on this distribution: 2% of terraced houses houses are smaller than 5 MERE LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Queniborough.

5 MERE LANE: Plot and Title Map

5 MERE LANE sits on a plot of roughly 0.026 of an acre, or 105m². The below map shows the location of 5 MERE LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 MERE LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 MERE LANE?

5 MERE LANE is located in QUENIBOROUGH, in the LE7 postcode district. The below map shows the position of No. 5 on MERE LANE.